HalcyonEra
Active Member
- Joined
- Mar 6, 2012
- Messages
- 410
- Reaction score
- 8
Once they realized they couldnt build they should have sold it to someone who could. In most situations it would be whatever, but they have the last air rights in copley square... ever. Thats what changes things.
That or transfer the air rights to the hancock garage development which is just across the street, that could work too and doesnt have as tricky construction. If the state can rescind the air rights and put them up for sale for the immediate surrounding plots that would be good, as it sits now its ridiculous.
You have answered your own question. The simple fact that is the last air right parcel in copley makes it more valuable, value that will rise over time. As one of the largest REITs in the country, they can, and should for their investors, wait until they need the capital, so long as that air rights agreement remains valid. Without knowing exactly what that agreement states, this is just a sim city conversation.